Jul 26, 2010

Kalbe Farma 1H earning up 43.55%

Pharmaceutical player PT Kalbe Farma Tbk today reports a 43.55% rise in net profit in the first half this year (1H 2010) on the back of higher net sales.
In a publication announced today, Kalbe posted Rp572.34 billion of net profit or Rp89 per share in 1H 2010 from the same period last year of Rp398.71 billion or Rp71 per share.
Operating income rose 20.02% from Rp698.39 billion in 1H 2009 to Rp838.21 billion in 1H 2010. In return, Kalbe Farma's operating margin slightly increased from 16.56% to 17.81% in 1H 2010. 
Net sales of Kalbe Farma improved 11.61% from Rp4.22 trillion in 1H 2009 to Rp4.71 trillion in 1H 2010. 
Kalbe Farma has agreed to dispose 58.11% stakes in PT Kageo Igar Jaya Tbk to Kingsford Holdings at Rp185 per share or Rp112.86 billion.
Disclosure: No position at the stock mentioned above.  

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